Direct Tax Code 2025: A New Era for India\’s Tax System
India’s tax system is on the brink of a major transformation with the introduction of the Direct Tax Code 2025, set to replace the outdated Income Tax Act of 1961. This significant overhaul aims to simplify tax procedures, reduce complexities, and foster greater compliance among both individuals and businesses. The Direct Tax Code (DTC) 2025 is scheduled to be implemented in April 2025, ushering in a new era for taxation in India.